Now many applications are built on Ethereum. Among them, Ethereum Virtual Machine (EVM) is the main driving force of this trend, and its development kit and application template can be used to continuously improve the developer experience. Together, these tools can develop any application that lacks its own platform. The following are the categories of most applications built on Ethereum.

1、 Decentralized finance

Decentralized finance refers to many decentralized agreements to establish open financial infrastructure. These protocols are valuable because they create the necessary channels for anyone connected to the Internet to access independent, uncensored financial services.

2、 Oracle machine

Oracles refers to the protocol or service that connects Ethereum to offline information. They can be used to query information from the Internet (such as API calls), information about other chains (such as Bitcoin transactions), and even as a dispute resolution mechanism for non local assets.

3、 Decentralized exchange

Decentralized exchange allows transactions of encrypted assets without the need for a trusted central authority. This reduces the risk of the exchange being hacked and many other risks. There are many types of decentralized exchanges, and it is important to understand their differences.

4、 Gaming

Blockchain game is any game that contains blockchain technology in its back-end or general mechanism.

5、 Collections

Encrypted collections are unique items that meet ERC-721 standards. They can be collected and perhaps used in many different games and applications built on Ethereum.

6、 Marketplaces

The market built on Ethereum allows trading ERC-721 tokens, such as encrypted collections.

7、 Developer Tools

A set of developer tools allows for better standards, which are easily implemented in many different applications.

8、 Identity

Identity is a very important aspect for the future of Ethereum. The Ethereum network hosts many DApps that are building identity systems. These DApps take advantage of the security and decentralization features of the Ethereum network and usually work with decentralized storage protocols (such as IPFS or SWARM) to support and protect consumer information. Citizens will be able to disclose personal information secretly, such as ID card, credit score, medical history, bank information, etc. They are also allowed to revoke future access to this information.

9、 Management

Given the decentralized nature of protocols, it is important for some applications to have a way to manage their teams, projects, or applications.

10、 Infrastructure

Use Ethereum as the basic layer to build basic infrastructure requirements.

11、 Registration center for token management

The registry of token management is the registry of the list generated by the token holder. The list can be anything from the name to the complete record stored in IPFS.

12、 ERC token standard

ERC token standard is a technical document used by Ethereum smart contract developers. They define a set of rules for the Ethereum ecosystem to implement tokens.

summary

The above content is an introduction to the types of applications that can be built on Ethereum. With the Ethereum framework, projects can go beyond the development of proprietary blockchains. The decentralized applications on the Ethereum blockchain also benefit from the huge developer community, amplifying the network effect. Decentralized applications using Ethereum also have a clear monetization path, which also attracts developers.